9900 acres in the Delaware Basin, all under lease (Held By Production), allowing for rapid drilling and production without applications or delays. Existing horizontal wells have been drilled, with over 470 Mboe per well ultimate recovery.

200+ decline curves from adjacent and nearby wells provide an accurate forecast for new wells

25 wells hundreds of feet away have recovered 5.5 million bbls of oil and 16 BCF of gas

OTHER TECHNOLOGY:

Ocean Thermal Renewable Energy Developer

Offshore Equatorial

Sales: $90 million

NPV: $210 million

Investment: $27 million

Consistent Energy Source with Stable, Unfluctuating Output: Technology using stable temperature gradients within the ocean to provide a source of power up to 100 MW per plant. Unlike solar and wind power, power output is not dependent on weather conditions or time of day, and does not depend of energy storage solutions.